Money Management

In this bear market, not even the so called “smart money” are making money. I was watching Fast Money last night where they were talking about a few billionaire investors who literally lost tons of money on bad investments. A few included: Kirk Kerkorian lost $500 million with his investment in Ford Bill Ackman invested […]

Deciding to consolidate your debts is an excellent choice for many individuals, but making that decision is only the first step, learning how to manage your finances is the next step in ultimately becoming debt free. Budget planning can help you identify how you spend your money and where you may be over spending. The […]

Before I continue further, I need to confess that I am an amazing cook (yes, I’m one of those lucky few who possess the skills to know exactly how to cook everything in their head but never put it in action). This piece is done through research, observing what my wife does and asking her […]

One morning while I was saying something to my wife, I realized that perhaps the way we think about wealth is way too complicated. It happened when I was telling her that for the first month in a long time, I spent more money than I made. We were going through the list of expenses […]

In my old job, we always had to readjust inventory levels constantly, and it was frustrating because we had to change the same levels numerous times to meet customer requests and demand changes. They never seemed to justify the small amounts that we were able to save when we could just as well stock a […]

Other than those days surrounding the holidays, the parking lot of the plaza close by spent most days the last few months being empty. That’s why it was so surprising when I saw people and cars everywhere when I went there last Sunday. It’s only been one day (especially since this is the weekend until […]

Speaking with high earners about the paycheck not being enough always turns into an satisfying chat. Even though the reasons are usually common (you just don’t know my situation being the most popular), we always end up with a good resolution. Why? Because no excuse passes the “the average income per household in 2007 was […]

Sandy knows she is growing her savings by having a surplus each month and putting it in high yielding online banks. When she was puzzled about budgeting, she wrote in and said: I have $100,000 saved up in bank accounts by following good frugal practices that you and others outline. I however don’t budget and […]

How to be a millionaire? You may be a bum wishing to have a million bucks, or you may be an aspiring young professional who wants to know if you are on the right path. Whatever the case may be, here are seven ways people become millionaires. Some are by pure luck but there’s no […]

In this season of giving, give presents for loved ones and friends. Whether you’re picking up giftables or baking holiday treats, don’t forget to appreciate those who provide services and personal care for you all year long. Maybe it seems that our culture is becoming more narcissistic by the moment, a recent survey indicates that […]